By Paul Adepoju
Paxful, a global leader in peer-to-peer bitcoin technology, today announced that it will build a blockchain technology incubation hub in Lagos, Nigeria, as part of its growing investment in Africa. The hub will launch in fall 2018 and provide a co-working space and services including mentorship, corporate and individual blockchain training, and networking for ICO advisors.
Paxful has also appointed Chuta Chimezie as Regional Director of Africa. Based out of Nigeria, he will be responsible for conducting business operations, facilitating local and international brand awareness, creating educational content on behalf of Paxful, recruiting and overseeing the incubator’s day-to-day operations.
“Paxful is committed to fostering economic growth in Africa and helping the unbanked and underbanked gain access to the opportunities they have been denied for so long,” said Paxful CEO Ray Youssef. “The incubator is simply a starting point to help driven entrepreneurs in an industry that has shattered boundaries all over the world.”
Nigeria is the most populous country in Africa, with 190 million people. It also has the highest number of Paxful users on the continent. The country is renowned for its highly educated citizenry and startup culture, especially in ﬁntech and e-commerce.
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Source:: Tech city NG